You may want to assess your finances and consider ways to improve your tax position.
Now that Canada’s federal election is over and 2019 is drawing to a close, you may want to assess your finances and consider ways to improve your tax position. Although no major personal tax changes were introduced this year, Canada has elected a Liberal minority government that may need to compromise with another party’s priorities, and this could introduce a variety of new tax changes that could significantly affect you next year and beyond. As a result, you should consider available opportunities and planning choices before the end of this year to ensure you are dealing with your affairs in a tax effective manner.
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